Ripple’s XRP Liquidity: Backdoor Strategy or Market Maturation?

A debate is brewing over whether Ripple is circumventing a court injunction by using a newly established $300 million XRP treasury vehicle with Webus International Ltd. Crypto researcher Darkhorse claims this structure, managed by SEC-registered Samara Alpha, allows Ripple to legally sell XRP to institutions indirectly, avoiding direct sales prohibited by the injunction. This involves selling to a regulated intermediary, which then distributes the XRP, maintaining compliance. Darkhorse highlights Webus's Form 6-K filing, emphasizing the regulated structure and Ripple's existing ties with Webus. He argues this isn't simply buying on the open market but a strategic maneuver to navigate legal hurdles. However, XRP commentator Jay Nisbett counters this interpretation. He believes this is merely the market adapting to regulatory challenges, not an attempt to bypass the injunction. Nisbett contends that Webus's XRP acquisition is a standard market transaction, not a secretive arrangement with Ripple. The core disagreement centers on whether the Webus structure constitutes indirect circumvention of the injunction or a lawful market response. The SEC hasn't commented, and the court recently denied a request to vacate the injunction. The debate highlights the complexities of navigating regulatory landscapes within the crypto market, especially regarding the classification and sale of digital assets. At the heart of the matter lies the question of whether Ripple's actions represent a clever legal strategy or simply a natural evolution of the market responding to regulatory pressures. The ongoing legal battle surrounding XRP and its classification as a security adds further complexity to this situation, leaving the ultimate interpretation open to debate.

(Source: https://www.newsbtc.com/xrp-news/ripple-releasing-xrp-liquidity-via-backdoor-crypto-pundit/)